East West Bancorp Q2 Income Advances, Beats estimates

(RTTNews) - East West Bancorp (EWBC) released a profit for its second quarter that increased from the same period last year and beat the Street estimates.

The company's earnings totaled $258.33 million, or $1.81 per share. This compares with $224.74 million, or $1.57 per share, in last year's second quarter.

Analysts on average had expected the company to earn $1.70 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 25.6% to $472.95 million from $376.47 million last year.

East West Bancorp earnings at a glance (GAAP) :

-Earnings (Q2): $258.33 Mln. vs. $224.74 Mln. last year. -EPS (Q2): $1.81 vs. $1.57 last year. -Analyst Estimate: $1.70 -Revenue (Q2): $472.95 Mln vs. $376.47 Mln last year.